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, if the dividend rate goes up to the marginal income tax rate, this market will give back some of the rally and it will limit the upside for next year. >> is there a point at which you see obama in the polls and you say actually now i believe that we are going to get the tax hikes and the market should fall? there must be a watershed quite soon as we head towards particularly what happens in the house and the senate. >> our focus has been on the senate. we think that's what's going to mostly influence the outcome. i hope there's appetite to see the rates low. i don't see a benefit from raising them. i would call a coin toss on the senate outcome. but wiser minds will see the wisdom of helping the fed in its efforts to stimulate asset prices by not onerously raising taxes on the most important asset class other than homes. >> have you actually calculated a number? you said it would give back some of the rally. but is there a number or a percentage? >> 12-month price target is 1,500. we've written in our research that 1,600 would be a reasonable 2013 end. i need to see an acceleration in glob
record. president arguing romney's plan on taxes and the deficit are the same types of ideas that caused the recession. here's what romney had to say about tackling the ballooning debt. >> i think it's not just an economic issue. i think it's a moral issue. i think it's frankly not moral for my generation to keep spending massively more than we take in, knowing those burdens are going to be passed on to the next generation. and they're going to be paying the interest and the principal ail their lives. and the amount of debt we're adding at a trillion a year is simply not moral. >> jim, that's a message that is probably pretty effective to a middle-income voter in ohio or pennsylvania. but i know last night you were all about the things that were said about coal, things that were said about solar, and there were a million trades in there last night. >> at jim cramer on twitter, i try to come to play with what i can do, which is that if you wanted to know specific stocks to buy off this, of which by the way, there were many, if you felt that obama were to lose and romney to win, this is a
frequency trading has destroyed a lot. >> and suggesting you tax intraday trades 50%, trades less than a minute, 100%, that would cut down on it in a hurry. >> no one wants to put the genie this the bottle, meaning financial engineering. the s.e.c. has been disgraceful. it's almost like when the interstate commerce came in, completely owned by the refs. like a cuban, like a cooperman, and they are not going to because i think they are captured. >> all right. let's check on bob pisani. i think he may be in that crowd of lifelock. >> yes, we are right here. the ceo is right here behind me. it's still a little early. i think we have a few moments before it's going to open. price talk is well above that. let me talk about where the markets are because a lot of chatter about the fact that the markets look like they are stalled and kind of running out of steam. there's been a lot of talk that we've had the positive ism. market is not doing much. obviously the question is about the spanish aid request. that moves the markets around on an intraday basis. a lot of people trying to position oh t
tax breaks for the middle class, especially those businesses and people in the middle income area and see the refinancing of our mortgages so people can be secure in their homes and know that they won't be thrown out into the streets. >> so, bakley, for you vooers out there, for voters out there who grab on to the 7.8% rate and say that is a bright spot, you are saying, be cautious. there is still a bumpy road ahead. >> we're on a steady path, but i would say the president has laid out some very good choices unlike other individuals and i would say that this has shown us already 5.2 million private sector jobs created. we still have more work to do so let's look forward to more work toward getting the congress to work with the president and getting everyone working as a team together on making sure that people get those jobs. >> finally, before i let you go, you say skepticism over the numbers are lewdious. you say you're insulted. is there a danger, you believe, when large sections was country don't believe the data. not that it's ever been considered gospel, but when you have di
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